Consider the following transactions:
(i)issued share capital for cash of $200 000
(ii)received $50 000 from accounts receivable
(iii)paid $30 000 to accounts payable
(iv)purchased new equipment for $160 000 on credit
(v)increased the long service provision by $5000.
Total assets increased by:
A) $130 000
B) $180 000
C) $300 000
D) $330 000.

Question

Consider the following transactions: 
(i)issued share capital for cash of $200 000
(ii)received $50 000 from accounts receivable
(iii)paid $30 000 to accounts payable
(iv)purchased new equipment for $160 000 on credit
(v)increased the long service provision by $5000.
Total assets increased by:
A) $130 000
B) $180 000
C) $300 000
D) $330 000.

Quizplus · Accepted Answer

The Answer of Consider the following transactions: 
(i)issued share capital for cash of $200 000
(ii)received $50 000 from accounts receivable
(iii)paid $30 000 to accounts payable
(iv)purchased new equipment for $160 000 on credit
(v)increased the long service provision by $5000.
Total assets increased by:
A) $130 000
B) $180 000
C) $300 000
D) $330 000.

Consider the Following Transactions